The leading beef export company in South America, the Brazilian company Minerva, reported on Tuesday that it had bought the Breeders and Packers Uruguay (BPU Meat) meatpacking plant, located in Durazno (downtown), for US$40 million.
BPU Meat, belonging to the Japanese group NH Foods Group, invoices more than US$ 265 million per year and has the capacity to slaughter 1,200 cattle per day using the latest technology in the industrial process.
In total, the meatpacking plant exports 85% of its products to destinations such as Japan, South Korea, China, Europe and the United States, making Uruguayan meat one of the most recognized worldwide for its tradition and quality.
This purchase increases Minerva’s capacity to fish in Uruguay by 40%, which currently is 2,500 bovines per day.
Thus, it makes it the leading beef production company in the country, with the capacity to slaughter 3,700 cattle per day thanks to its four meat processing plants in the country: Pul, Carrasco, Canelones and, now, BPU.
Uruguay represents approximately 5% of the beef export market and is currently among the top ten beef exporting countries.
This operation joins the investment of nearly five million dollars by the Peruvian company Grupo Gloria, which has a cheese-making plant in the southwest of Uruguay, to strengthen its presence in the dairy industry in the River Plate country. .
Source: EFE
Source: Gestion
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